Symphony Floating Rate Senior Loan Fund
TSX : SSF.UN

Symphony Floating Rate Senior Loan Fund

November 12, 2014 09:58 ET

Symphony Asset Management Provides Senior Loan Update

TORONTO, ONTARIO--(Marketwired - Nov. 12, 2014) - (TSX:SSF.UN) Investors and investment advisors are invited to listen to an update on the US Senior Loan Market, hosted by Larry Holzenthaler of Symphony Asset Management ("Symphony"). Investors may listen to the recording of the update call on the Brompton Funds website at www.bromptongroup.com/symphony. The Fund is available for purchase on the Toronto Stock Exchange under the ticker symbol SSF.UN.

Symphony Floating Rate Senior Loan Fund (the "Fund") invests primarily in floating-rate Senior Loans, which are the most senior corporate obligations of a borrower, and are secured by the borrower's assets. As a result, Senior Loans have a first-priority secured claim on repayment ahead of bonds and equity. Senior Loans also feature floating rate interest payments which may help investors avoid potential negative performance of fixed-rate bonds in periods of rising interest rates.

The Fund has a current distribution target of $0.60 per annum, representing a market yield of approximately 6.4% based on the November 6, 2014 closing price. The Fund is designed to pay tax-efficient Return of Capital distributions until October 2016. At the highest personal income tax rate in Ontario (49.53%), an investor would need to earn regular interest income at a rate of 9.5% per annum to realize the same after-tax cash flows.

About Symphony

Symphony Asset Management manages approximately US$13 billion in Senior Loans (as at September 30, 2014) and is a subsidiary of Nuveen Investments Inc., the largest sponsor of US closed-end funds with approximately US$231 billion in assets under management (as at June 30, 2014). Senior Loan closed-end funds sub-advised by Symphony have achieved the top Lipper performance ranking in the Loan Participation Fund category over 5 and 10 years (as at October 31, 2014).

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 / toll-free at 1-866-642-6001/ email info@bromptongroup.com or visit our website at www.bromptongroup.com.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other eligible alternative market (an "exchange"). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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